European Commission says food price rises not all related to cost of ingredients; Biofuel production no effect on prices in EU
Apr 30th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The European Commission said on Tuesday that only about two-thirds of the rise in food prices in Europe can be attributed to increases in the cost of ingredients. The Commission also said that biofuel production has no effect on food prices in EU.